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Jan 20, 2013
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by april 15, tax day. the democratic one senate has not approved such a resolution in almost four years. this is not the result of washington gridlock. harry reid said it would be foolish for his party and then does the senate to produce a budget. we disagree. with more than $16 trillion in debt, we believe is foolish not to have a budget. in the house, and it will again meet our legal obligations to pass the budget on time. our budget will moderate spending, pay our bills, and keep the government running. it will be planned to slowly but surely, what our nation out of debt, deficit, and declined garrett on your behalf, we will insist the democrats who run the rest of washington to the same. this debate is often argued in numbers and figures but it is really about and families like yours that bear the burden of a slow economy. constant uncertainty and. ever-changing government rules chase our jobs and opportunities overseas. when day to day life costs more and jobs pay less, we do not solve the problem by
by april 15, tax day. the democratic one senate has not approved such a resolution in almost four years. this is not the result of washington gridlock. harry reid said it would be foolish for his party and then does the senate to produce a budget. we disagree. with more than $16 trillion in debt, we believe is foolish not to have a budget. in the house, and it will again meet our legal obligations to pass the budget on time. our budget will moderate spending, pay our bills, and keep the...
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Jan 21, 2013
01/13
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they feel they got their taxes hiked. >> i would be surprised if we are talking taxes. >>neil: what are we talking? autumnized deductions. >>neil: they were almost trimmed back, right? >> first, the goal would be to get four plus trillion. it would be great to get 2.5-1, spending cuts to revenues. >>neil: not 40-1. you think the ratio will be more even. >> it will be if you include the first $1.2 trillion part of the budget control act, you will see that is proposal the next that is more 1-1 so you will see around 2-1 i think. >>neil: we could argue over that. >> we argued before. i won that. >>neil: whatever. could i get your sense of where this is going? with the republican mood today trying to postpone the delegate sealing deadline for a few months, they trying to get their ducks in order, they are trying to get the immediate pressure off as much as the country but what do you think the markets which are closed, with do in reaction to the constant kicking the can. >> i am surprised by the buoyancy of the market. the next 45 to 60 days has incredible uncertainty. the
they feel they got their taxes hiked. >> i would be surprised if we are talking taxes. >>neil: what are we talking? autumnized deductions. >>neil: they were almost trimmed back, right? >> first, the goal would be to get four plus trillion. it would be great to get 2.5-1, spending cuts to revenues. >>neil: not 40-1. you think the ratio will be more even. >> it will be if you include the first $1.2 trillion part of the budget control act, you will see that is...
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Jan 22, 2013
01/13
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not state taxes, estate taxes, these sorts of things. that the republican party ran into this big problem in 2012 where that message alienated people. >> let me show you what he said in 2005 about social security. now he's talking about how people paid in and it's earned. but he said -- let me quote it. it says -- this is a quote. social security right now is a collectivist system. it's a welfare transfer system. this is paul ryan. so if ryan called it a welfare transfer system, now all of a sudden no we weren't calling them takers. and the president, krystal, stepped right in and attacked that. now, in my opinion that wasn't partisan. it was his vision of america. as lyndon johnson had a vision of the great society. it wasn't anti-republican. it was his vision. john kennedy, the new frontier. i think the president from the way i was taking it was saying i think b this is the vision america needs to go in. but it wasn't for just four years. he said we're not talking four months, four years, or 400 years. >> that's exactly right. and you
not state taxes, estate taxes, these sorts of things. that the republican party ran into this big problem in 2012 where that message alienated people. >> let me show you what he said in 2005 about social security. now he's talking about how people paid in and it's earned. but he said -- let me quote it. it says -- this is a quote. social security right now is a collectivist system. it's a welfare transfer system. this is paul ryan. so if ryan called it a welfare transfer system, now all...
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Jan 18, 2013
01/13
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on the income tax and less reliance the sales tax. [applause] in my budget -- in my budget, i propose to cut the sales tax in the current rate of 6.25% to 4.5% and dedicate all the proceeds to public works fund. that fund will support the transportation plan i have laid out for both existing responsibilities and the necessary and should project as well as the school building fund and other public infrastructure. under my plan, sales tax proceeds would be off-limits for any other purpose to support her education initiatives, my budget will propose that we increase income tax by one percentage point, 6.25% to make that increase fair to all according to their ability to pay will propose that we double the personal exemptions for every taxpayer and eliminate a number of itemized deductions. making those changes gives us a tax code that is sent. fair. let me add that these changes are sales income and business tax will be comparable to an competitive with other states in the region and beyond with which we compete. this is what i will prop
on the income tax and less reliance the sales tax. [applause] in my budget -- in my budget, i propose to cut the sales tax in the current rate of 6.25% to 4.5% and dedicate all the proceeds to public works fund. that fund will support the transportation plan i have laid out for both existing responsibilities and the necessary and should project as well as the school building fund and other public infrastructure. under my plan, sales tax proceeds would be off-limits for any other purpose to...
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Jan 21, 2013
01/13
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FBC
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he did allude to rewriting the tax code. something that perhaps democrats and republicans have been talking about doing. two very different approaches on how to do that. there is a sense of togetherness, neil, that tends to go away when you get back into governing. now, that continues to roll into governing the country. it is not easy. neil: it is very clear that this president has the support of the american people, although, his popularity is not as high as many who come into their second term. george bush had a higher approval rating. certainly, dwight eisenhower did. richard nixon did. we are reminded, it is rare that it goes up markedly from there. it usually stays or goes down. what do you hear he will do to keep that capital going? >> back capital, as you say, tends to go, depending on how the country goes. if the economy is improving, the president will take a measure of credit for that. he has shown some willingness, at least, in some areas to compromise. the problem is much of the same themes you are still hearing
he did allude to rewriting the tax code. something that perhaps democrats and republicans have been talking about doing. two very different approaches on how to do that. there is a sense of togetherness, neil, that tends to go away when you get back into governing. now, that continues to roll into governing the country. it is not easy. neil: it is very clear that this president has the support of the american people, although, his popularity is not as high as many who come into their second...
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Jan 20, 2013
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republicans will not provide a blank check for more spending and the rational borrowing and constant tax increases. we need to have a washington budget and not a family budget. budget and not a family budget.
republicans will not provide a blank check for more spending and the rational borrowing and constant tax increases. we need to have a washington budget and not a family budget. budget and not a family budget.
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Jan 21, 2013
01/13
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there's been $600 billion in tax increases made on the books. that's over $2 trillion in deficit reduction over ten years. doesn't get us all the way there, but it does get us largely about two-thirds of the way there to debt stabilization, at least within a ten-year budget window. >> russ, what do you think? of course, we are approaching this with caution. we know that there's going to be more back and forth. in the middle of it all, we have earnings season. you know, already some people are saying that this anticipation of all of these cliffs, cliff after cliff, has already impacted the earnings period. what are you looking at? what are you seeing from the fourth quarter reporting season so far? it's been a big week obviously this week for financials. >> we're seeing decent performance. i think compliments to corporate america. they've been able to grind out strong earnings growth with a relatively weak recovery. margins remain much higher than people thought. this has helped. we're seeing a recovery in the rest of the world. that's also helpe
there's been $600 billion in tax increases made on the books. that's over $2 trillion in deficit reduction over ten years. doesn't get us all the way there, but it does get us largely about two-thirds of the way there to debt stabilization, at least within a ten-year budget window. >> russ, what do you think? of course, we are approaching this with caution. we know that there's going to be more back and forth. in the middle of it all, we have earnings season. you know, already some people...
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Jan 18, 2013
01/13
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on the income tax and less reliance on the sales tax. [applause] in my budget, in my budget i will propose that we cut the sales tax from the current rate of 6.25% to 4.5% and dedicate all of the proceeds to a public works fund. that fund will support the transportation plan i have laid out both our existing responsibility and the necessary expansion project. as well as the school building fund, and other public infrastructure. under my plan, sales tax proceeds would be off limits for any other purpose. to support our education initiative, my budget will propose that we increase the income tax by 1 percentage point to 6 % 25% to make that increase fair to all according to their ability to pay. i will propose that we double the personal exemptions for every taxpayer, and eliminate a number of itemized dedeductions. making those changes gives us a tax code that is simpler and fairer. let me add that with these changes are sales, income, and business taxes will be comparable to and other states in the region beyond with which we compete. th
on the income tax and less reliance on the sales tax. [applause] in my budget, in my budget i will propose that we cut the sales tax from the current rate of 6.25% to 4.5% and dedicate all of the proceeds to a public works fund. that fund will support the transportation plan i have laid out both our existing responsibility and the necessary expansion project. as well as the school building fund, and other public infrastructure. under my plan, sales tax proceeds would be off limits for any other...
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Jan 21, 2013
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as well on the tax cuts. the president agreed to extend the tax cuts, and even republicans privately said they were surprised they got a clean extension from him. there certainly is the impression the president compromise too much in his first term. that is why you see this different approach that we've been talking about since the beginning of a more aggressive, combat of obama, but also on obama that reaches out to the public to try to bring public pressure to bear on republicans, and who did that. president reagan did that. it is more of a model that reagan used. you will see him apply that to all of the issues in the pipeline. host: let me go back to something the president said in his address today. he talked about life, liberty, and the pursuit of happiness. in terms of the tactics of moving ahead on the guns agenda, we also heard the president last week talking about the inalienable rights of the average american, and that includes protecting our children. you can see a different twist on the constitut
as well on the tax cuts. the president agreed to extend the tax cuts, and even republicans privately said they were surprised they got a clean extension from him. there certainly is the impression the president compromise too much in his first term. that is why you see this different approach that we've been talking about since the beginning of a more aggressive, combat of obama, but also on obama that reaches out to the public to try to bring public pressure to bear on republicans, and who did...
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Jan 18, 2013
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the cities deal with the immense problems that get thrust upon them as a consequence of diminished tax bases, as a consequence of housing, a significant portion of the public and the states that are in the most need. we are committed to having a third phase of the so-called big deal in the budget. we're of the view that just as it took during the clinton administration, it didn't happen in one fell swoop. the economy in great shape and move toward a balanced budget. it started off in three phases. it started off with president bush's actions, the first president bush in terms of taxation before president clinton took office. and then the actions the president took in 1994 and then in 1997. well, we think there is a third phase here that can set our country on a path that will allow us to get our debt to g.d.p., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between no
the cities deal with the immense problems that get thrust upon them as a consequence of diminished tax bases, as a consequence of housing, a significant portion of the public and the states that are in the most need. we are committed to having a third phase of the so-called big deal in the budget. we're of the view that just as it took during the clinton administration, it didn't happen in one fell swoop. the economy in great shape and move toward a balanced budget. it started off in three...
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Jan 19, 2013
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tax increases and spending cuts to that size, the cbo and others estimated that unemployment would rise and we very well might go back into a recession. so the challenge is to achieve long run sustainability without unduly hampering the recovery which we have. the deal that was struck, together with the previous work in 2011 that involved some spending cuts made some progress in both of these goals. on longer and sustainability, over the next decade or so, we have seen some movement toward stability in terms of the debt to gdp ratio. more work can be done, for sure. and then, on the short run, the fiscal cliff deal on new year's eliminated a good bit of the components of the fiscal policy that would have had such bad effects. not completely, but it was a good start. so there was a bit of progress on both of these goals. but i should hasten to say that we are not out of the woods because we are approaching a number of other fiscal critical watersheds coming up. we have the funding of the government, the so-called sequester, number of spending cuts that were laid as part of the fiscal cli
tax increases and spending cuts to that size, the cbo and others estimated that unemployment would rise and we very well might go back into a recession. so the challenge is to achieve long run sustainability without unduly hampering the recovery which we have. the deal that was struck, together with the previous work in 2011 that involved some spending cuts made some progress in both of these goals. on longer and sustainability, over the next decade or so, we have seen some movement toward...
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Jan 21, 2013
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how big of a hit from the tax increaseses, payroll tax holiday, and what do those numbers which may be a bit on the soft side do to stocks? >> absolutely. that is the question of the day, isn't it, jared. the ceiling debate, the u.s. set to hit that $16 trillion limit on borrowing in the next month if we haven't hit it yet. let's take a listen to what president obama had to say about the potential battle looming in congress. >> markets could go haywire, interest rates would spike for anybody who borrows money. every homeowner with a mortgage, every student with a college loan, every small business own whole wants to grow and hire. >> jared, how does this play out? >> well, we're beginning to hear lots of sounds from republicans that we're in a compromising mode than we heard, say, a week ago. right now they're talking about perhaps an increase in the debt ceiling that lasts for a couple of months, that is offering that to the president. frankly, and russ say agree with me here, i don't think markets would react to -- very approvingly to basically just another lurch from crisis to crisi
how big of a hit from the tax increaseses, payroll tax holiday, and what do those numbers which may be a bit on the soft side do to stocks? >> absolutely. that is the question of the day, isn't it, jared. the ceiling debate, the u.s. set to hit that $16 trillion limit on borrowing in the next month if we haven't hit it yet. let's take a listen to what president obama had to say about the potential battle looming in congress. >> markets could go haywire, interest rates would spike...
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Jan 20, 2013
01/13
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pluses in cooperating, and if so the second term could see real change on guns, on immigration, on tax reform. plus, that hateful nra ad this week that used the president's daughters serves to remind us how the country adopted this family over the last four years, and we will talk about the role and the vision of the white house. and join us for a great roundtable. now for a look at what is coming up on "meet the press," here is david gregory. >> good morning, and on the eve of the second inauguration, the capitol has two issues, guns and the national debt. we will talk to two key senators, shuck schumer and senator cruz. and joe scarborough joins us, and david axelrod, and chuck todd here to talk about the numbers in a new poll. that's coming up on "meet the press." >>> and shortly after "meet the press," president obama will be sworn in at a private ceremony at the white house. and earlier today vice president joe biden took his oath. sotomayor swore in the vp. >>> and the families travelled to church for services set to start in a few minutes. and today's services is celebrating pre
pluses in cooperating, and if so the second term could see real change on guns, on immigration, on tax reform. plus, that hateful nra ad this week that used the president's daughters serves to remind us how the country adopted this family over the last four years, and we will talk about the role and the vision of the white house. and join us for a great roundtable. now for a look at what is coming up on "meet the press," here is david gregory. >> good morning, and on the eve of...
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Jan 22, 2013
01/13
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he raised the taxes i pay and then turned marriage gay. and now he's coming after your glock. [ laughter ] [cheers and applause] poet laureate, please. now, i'm not going to do a critical deconstruction of obama's partisan screed masquerading as an inaugural speech. now is not the time to criticize. i will just say this, it was a clear call for a radical, collectivist agenda. listen to this language. >> we, the people, still believe that enduring security and lasting peace do not require perpetual war. we, the people, still believe that every citizen deserves a basic measure of security and dignity. for we, the people-- we, the people-- we-- we-- we-- >> stephen: we, we, we. all the way home. [ laughter ] this little piggy is sick of it! socialist overreach is coming. by february we'll all be chained up in solar-powered asparagus gulags being force-fed birth control pills by illegal immigrants who gay-marry us to endangered sea turtles. [ laughter ] my advice: find a good looking turtle-mate soon; you don't want to end up with a butter-bea
he raised the taxes i pay and then turned marriage gay. and now he's coming after your glock. [ laughter ] [cheers and applause] poet laureate, please. now, i'm not going to do a critical deconstruction of obama's partisan screed masquerading as an inaugural speech. now is not the time to criticize. i will just say this, it was a clear call for a radical, collectivist agenda. listen to this language. >> we, the people, still believe that enduring security and lasting peace do not require...
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Jan 23, 2013
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poll taxes were an essential part of southern state's strategy to block voting. du
poll taxes were an essential part of southern state's strategy to block voting. du
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Jan 21, 2013
01/13
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tax reform was in this speech. it's rare to get this number of -- >> would you have liked more poetry in the speech? >> i personally would have liked more poetry. i think the country needs more uplifting at this point, to be brought together. this one line in the speech which goes to the heart of the pragmatism, we must act knowing that our work will be imperfect. you know, i think he's saying to the whole of the washington establishment, we can't have it all but we have to get moving. >> you know, this speech had the word research labs in it at one point. i challenge you to find another -- >> that's poetry right there. >> right. underscoring the point about the gran u lart here. progress does not compel us to settle the debate about the role of government for all time but it does require us to act in our time. hampton pearson is on the west front of the capitol and can describe what's going on there now. hampton? >> well, number one, we've got of course a wholesale exodus of all the vips on the platform. a huge po
tax reform was in this speech. it's rare to get this number of -- >> would you have liked more poetry in the speech? >> i personally would have liked more poetry. i think the country needs more uplifting at this point, to be brought together. this one line in the speech which goes to the heart of the pragmatism, we must act knowing that our work will be imperfect. you know, i think he's saying to the whole of the washington establishment, we can't have it all but we have to get...
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Jan 20, 2013
01/13
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the president won the election and all about taxes and he got his taxes. $60 billion a year and runs the government for five days. he has to challenge his party on spending, which he has not been willing to do. >> first of all, we're not talking about 30, we had 85 votes. it doesn't help if you caricature. the fiscal cliff a deal/deal and joe biden. we got less than we wanted. i would have liked to have based taxes on people making $300,000 a year. but we had 85 republicans for that. on the hurricane, that was a very bipartisan deal in the senate and the notion that we were going to peel off a few, that shouldn't be partisan at all. after spending, i agree. here's the problem. the biggest increase in spending in the last, in this century has been a military spending. unpaid for in iraq, an unnecessary war. afghanistan, military spending else where. i very much want to cut spending but people who want to exempt the military from spending cuts. >> you have to have the last word on that. >> every penny to the pentagon and every penny the government spends, we still borrow $300 billion a
the president won the election and all about taxes and he got his taxes. $60 billion a year and runs the government for five days. he has to challenge his party on spending, which he has not been willing to do. >> first of all, we're not talking about 30, we had 85 votes. it doesn't help if you caricature. the fiscal cliff a deal/deal and joe biden. we got less than we wanted. i would have liked to have based taxes on people making $300,000 a year. but we had 85 republicans for that. on...
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Jan 17, 2013
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tax base. taxes don't commend, you don't have service. it is something that is tied to a lot of factors that we all try to take a look at that it's almost overwhelming. if you start driving tax bases, how decisions are affecting your future in which her vulnerabilities to disasters are based upon the resiliency of your tax base, it allows us to introduce a lot of these other issues in a way. we are not telling you you can't do something. we are giving you tools for your tax base and what your exposure is. and what that vulnerability looks like the making of budgets decisions. >> i always start with, no matter wherein he go in the world there are disastrous events in communities and one other thing no matter where you go people don't want to leave their homes. quite frankly i think that emotional reaction is exacerbated by the disastrous events. it's an emotional reaction but it's very strong and i remember i met one of the mayors and the region after the earthquake and he said immediately after, this is one of the communities that was lit
tax base. taxes don't commend, you don't have service. it is something that is tied to a lot of factors that we all try to take a look at that it's almost overwhelming. if you start driving tax bases, how decisions are affecting your future in which her vulnerabilities to disasters are based upon the resiliency of your tax base, it allows us to introduce a lot of these other issues in a way. we are not telling you you can't do something. we are giving you tools for your tax base and what your...
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Jan 15, 2013
01/13
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tax revenues go up when you increase tax rates. that's mcconnell math. we can't have that kind of balanced approach here in washington. it can't be done because republicans won't go for tax increases. they did have to go with $600 billion here and any conservative watching this show, obama got all those tax increases. well it's worth remembering that before that $600 billion, he agreed in $1.5 trillion in spending cuts while he has been president. $917 billion in the previous debt limit deal and another $500 billion in other circumstances. so there still has been in our circumstance here in washington in the obama time a lot more cutting than revenue raising. >> john: alex, let in go over to you. why can't we get a deal done on the deficit? is it that republicans refuse to raise taxes or is there more to it. >> you look at every fight whether its fight over the debt ceiling, fight over guns, immigration, and you're going to see brutal fights. why? this is one of the most polarized congresses we've had in years. you have democrats and republicans who make
tax revenues go up when you increase tax rates. that's mcconnell math. we can't have that kind of balanced approach here in washington. it can't be done because republicans won't go for tax increases. they did have to go with $600 billion here and any conservative watching this show, obama got all those tax increases. well it's worth remembering that before that $600 billion, he agreed in $1.5 trillion in spending cuts while he has been president. $917 billion in the previous debt limit deal...
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Jan 22, 2013
01/13
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and when we returned back to work on january 2nd, our first call was to our tax advisors, and tax advisors across the country their phones are ringing off the hook on january 2nd, all of us learning what's going on in terms of the new legislation, that-- >> so, i'm curious, you know, what would you like to see the republican house do when it comes to a question of the debt ceiling in recognition of all of this economic-- all of these decisions have an impact on small businesses and the fact that we have gridlock in d.c.? do you want to see them work more with the president and try to get a solution as to maybe, the little less extreme than what the president wants or do you want them to dig their heels in the ground and fight it tooth and nail? >> and the principals, they have to understand they only control one third of the government and they have to work with the president to come to a resolution, and the first thing i'd like to see the senate pass a budget. senate hasn't passed a budget in over four years at this point. i think what's going to happen on the debt ceiling they're going t
and when we returned back to work on january 2nd, our first call was to our tax advisors, and tax advisors across the country their phones are ringing off the hook on january 2nd, all of us learning what's going on in terms of the new legislation, that-- >> so, i'm curious, you know, what would you like to see the republican house do when it comes to a question of the debt ceiling in recognition of all of this economic-- all of these decisions have an impact on small businesses and the...
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Jan 21, 2013
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. officemax can help you drive suand down.s down... use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. >>> the parade has begun. it is moving down pennsylvania avenue. there are marching bands. there are a lot of floats. there's a lot of people who are celebrating this day. an important day in american history. the inauguration of president obama for the second time. kate bolduan is watching what's going on, jeffrey toobin with me as well. once they get to the reviewing stand, they will be saluting all of these participants, and there are a lot of them, who have come to washington from all over the country. >>cy actually read there were twice as m
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. officemax can help you drive suand down.s down... use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of...
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Jan 21, 2013
01/13
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thinkshis governnt should do more to help the elderly and the vulnerable and less to help millionaires with tax cuts? >> as i just said, we are doing more to help elderly and the vulnerable. a record state increase, bigger than what the party opposite would have done keeping cold weather payments at the higher level that the last government only introduced before the election. keeping our promise on winter fuel payments, taking all of those steps and making sure, again, something never done by the party opposite that energy companies will have to put people on the lowest tariffs. that is a record we can be proud of. >> steve basic. >> mr. speaker -- [inaudible] my constituency is enb during a hideous regulatory fast thanks to the health and safety executive and the european union. the british economy is very reliant on smallnd medium businesses far less able to cope with bad regulation particularly when it's badly administer inside the u.k. >> my honorable friend is absolutely right. businesses large andsml are complaining about the burden of regulation. not just the burden of regular ration fr
thinkshis governnt should do more to help the elderly and the vulnerable and less to help millionaires with tax cuts? >> as i just said, we are doing more to help elderly and the vulnerable. a record state increase, bigger than what the party opposite would have done keeping cold weather payments at the higher level that the last government only introduced before the election. keeping our promise on winter fuel payments, taking all of those steps and making sure, again, something never...
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Jan 17, 2013
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, to collect tax revenue, and to fight tax evasion. i forgot to mention the privatization program, which is also necessary. >> gentlemen here in the third row. >> thank you. what is your insight on the chinese economy in terms of opportunities and challenges? what goals are on top of your agenda that you want to achieve in the new year it? thank you. >> global growth is not to stem the top of my agenda, it is on the top of the agenda of anyone who cares about the economy and jobs. growth is a very conducive factor. turning to china, i would certainly observe that there is continued significant and substantial growth expected out of china. i would observe there has been a rebalancing would then the china -- within the china economy with a focused on consumption rather than exports. i would observe that the currency of china has adjusted. my hope is that these trends we have observed continue into 2013 s and the new chinese leadership. >> thank you. >> how do you see the impact of what is happening in the arab countries on the economy is
, to collect tax revenue, and to fight tax evasion. i forgot to mention the privatization program, which is also necessary. >> gentlemen here in the third row. >> thank you. what is your insight on the chinese economy in terms of opportunities and challenges? what goals are on top of your agenda that you want to achieve in the new year it? thank you. >> global growth is not to stem the top of my agenda, it is on the top of the agenda of anyone who cares about the economy and...
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Jan 20, 2013
01/13
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you've got to fundamentally and totally repair the tax code. these are huge and daunting challenges, but great presidents become great by meeting great challenges. >> you get the american people behind him, but obviously you need congress as well. >> that's right. >> very brief amount of time left. how does he get congress? >> only by making them fearful of a tide of public opinion. he's not going to do it by negotiations, by being nicer, by outreach, because there are such fundamental i'd logical differences between obama and the republican house. as, you know, harry truman was told when he tried to get america to really square off against the communist, the only way you are going to overcome american isolationism is scare them to death. >> all right. with a big stick, right! no more mr. nice guy. >>> we'll be right back in a few minutes. oh, we're going to go to gwen. i apologize. i didn't mean to skip you! they all want to know about the weather tomorrow. >> i know, and you're covering a lot of important information there, great to hear from
you've got to fundamentally and totally repair the tax code. these are huge and daunting challenges, but great presidents become great by meeting great challenges. >> you get the american people behind him, but obviously you need congress as well. >> that's right. >> very brief amount of time left. how does he get congress? >> only by making them fearful of a tide of public opinion. he's not going to do it by negotiations, by being nicer, by outreach, because there are...
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Jan 23, 2013
01/13
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to either tax them or take them. that's the only reason. and anyone who says that's excessive, president obama says you're an absolutist. >> it's back to business in washington today. republicans in the house are expected to vote on a plan that would diffuse the debt ceiling crisis. the federal government could keep borrowing money for three months, in exchange house develop members want the senate to pass a budget, something that body has not done since 2009, exactly 1,365 days ago. this time instead of demanding spending cuts, republicans added a provision to the bill that would suspend lawmakers own paychecks if a budget is failed to be passed by april 15th. >> most americans believe if you don't do your job you don't get paid. that's the basis for no budget no pay. it's time for the senate to act. i think the american people understand that you can't continue to spend money that you don't have it's time for us to come to a plan that will, in fact, balance the budget over the next ten years. it's our commitment to the american people. we
to either tax them or take them. that's the only reason. and anyone who says that's excessive, president obama says you're an absolutist. >> it's back to business in washington today. republicans in the house are expected to vote on a plan that would diffuse the debt ceiling crisis. the federal government could keep borrowing money for three months, in exchange house develop members want the senate to pass a budget, something that body has not done since 2009, exactly 1,365 days ago. this...
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Jan 22, 2013
01/13
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CSPAN2
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the president got his taxes. with revenue off the table, the debate shifts to where it needs to be and should have been in the first place, and that is addressing spending reductions. just last week, fitch ratings warned that america's aaa credit rating is at risk if the congress and the president increase the debt limit but fail to enact a credible medium-term deficit reduction plan. and we can expect to see more headlines like this if we do not come together and we do not take action to deal with our country's debt obligations. in the coming days and weeks, i will be speaking in this chamber and outlining what i believe are rational steps that we need to take to get our fiscal house in order. the easy thing to do, the way congress has operated over these past two years of my service here, is to look at my fiscal situation and say well, we have more time or we can deal with this after the next election. and while i thought that was exactly the wrong tactic to take, that's what happened and there was a series of
the president got his taxes. with revenue off the table, the debate shifts to where it needs to be and should have been in the first place, and that is addressing spending reductions. just last week, fitch ratings warned that america's aaa credit rating is at risk if the congress and the president increase the debt limit but fail to enact a credible medium-term deficit reduction plan. and we can expect to see more headlines like this if we do not come together and we do not take action to deal...
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Jan 17, 2013
01/13
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CSPAN
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more from the fuel tax than the sales tax. our concept is to replace the 18.4 cents. for gas, it would be an 8.4 cent increase -- not increase, 8.4 cents rate on gasoline and 10.6% rate for diesel and we have set the rate at a point where it sustains the solvency of the highway trust fund. we are currently spending $15 billion more from the highway trust fund than receive news coming in and that's not sustainable. we are hearing conservative republicans in the house don't like to transfer money from the general fund to the highway trust fund. we are thinking what would they like better. and maybe if we have a system where we go back to the system that has been the case in transportation for 50 years where highway users pay their own way, sustain the solvency of the trust fund. here's the chart. we are talking about bringing in $52 billion rather than $37 billion the first year and then seeing it increase over time. so the consequence of this program is if you look at three different figures, what will it take to sustain highwa
more from the fuel tax than the sales tax. our concept is to replace the 18.4 cents. for gas, it would be an 8.4 cent increase -- not increase, 8.4 cents rate on gasoline and 10.6% rate for diesel and we have set the rate at a point where it sustains the solvency of the highway trust fund. we are currently spending $15 billion more from the highway trust fund than receive news coming in and that's not sustainable. we are hearing conservative republicans in the house don't like to transfer money...
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Jan 15, 2013
01/13
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tax credits to companies. they want all of these tax revenues, subsidies, everything. they should have to promise that if they build in this township, county, state, that they should stay for x number of years and if not pay a penalty. they deliver their prompt out and then they move overseas. -- they deliver their product. host: on twitter. more on open phones this morning. bakersfield, calif., democratic caller. caller: i just want to comment on the social security. the congressmen, senators, all of these talking about cutting entitlements the social security and i'm 85 years old. i started paying in when i was 15 years old working on the power line in west virginia. that is my home state. it is so corrupt, social security. they need to get these doctors and lawyers off and encourage people to go one social security and disability. host: on twitter. james in new york, republican. caller: hello. presently i'm still waiting for insurance, which i pay a premium on, from 7sandy. fema is out of money and i think they will vote this morning to do ad to the people who'd pre
tax credits to companies. they want all of these tax revenues, subsidies, everything. they should have to promise that if they build in this township, county, state, that they should stay for x number of years and if not pay a penalty. they deliver their prompt out and then they move overseas. -- they deliver their product. host: on twitter. more on open phones this morning. bakersfield, calif., democratic caller. caller: i just want to comment on the social security. the congressmen, senators,...
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Jan 16, 2013
01/13
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KQED
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they don't want any taxes. the tax word is very powerful. for the republicans they're doing what their neighbors and constituents want. >> reporter: it doesn't sound like you think at least on the state level and maybe on the federal level that this ideological split, the republicans, democrats, at a party and so forth it doesn't sound like you have a lot of hope that that could be bridged. >> i'm a very hopeful person and i'm optimistic about california that we found a way around the log jam. but i have to tell you the ideology of the republicans is different than the democrats. they don't mind the inequality. or they believe by giving more money to the most well off that it will trickle down and everyone will get better off. yes, america is facing not a problem but a crisis of governing. if we can't overcome it, then we had deteriorate and no longer be a world leader. >> reporter: it's that serious? and just one question. you reported you had prostate cancer. >> yes. reporter: how are you doing? i'm doing well. ask me in 20 years. >> repor
they don't want any taxes. the tax word is very powerful. for the republicans they're doing what their neighbors and constituents want. >> reporter: it doesn't sound like you think at least on the state level and maybe on the federal level that this ideological split, the republicans, democrats, at a party and so forth it doesn't sound like you have a lot of hope that that could be bridged. >> i'm a very hopeful person and i'm optimistic about california that we found a way around...
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Jan 22, 2013
01/13
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tax and 57, payroll tax, property tax, hidden taxes, 62 to 63 cent out of every dollar he makes taken by the government. is that too much? >> my heart bleeds for him. he doesn't. >> sean: you don't care, do you >> i do. >> sean: and you don't. >> listen, i care-- there are a lot of hard working people out there that don't have any options. >> sean: you know what? >> but and the reality-- >> you don't care you want to take more. >> that doesn't mean that he's not entitled to keep some of his hard earned cash, just because someone might make less than him, it's still his money and because he hands the money over to the government doesn't mean they're going to spend it wisely or they're entitled. >> so his options. >> go to a state like texas go to a state that's not going to take-- >> the day h texas he saves 14%. 14 cents of every dollar, a lot of money. >> florida, alaska. >> sean: i don't blame him. >> listen, if california -- if california is really that bad i don't have a problem with somebody moving across state lines if they want to live in a state where the money stretches a lit
tax and 57, payroll tax, property tax, hidden taxes, 62 to 63 cent out of every dollar he makes taken by the government. is that too much? >> my heart bleeds for him. he doesn't. >> sean: you don't care, do you >> i do. >> sean: and you don't. >> listen, i care-- there are a lot of hard working people out there that don't have any options. >> sean: you know what? >> but and the reality-- >> you don't care you want to take more. >> that...
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Jan 21, 2013
01/13
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FOXNEWSW
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to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the positions of debt reduction president obama has been slow to the table in part because he doesn't see republicans as a worthy partner for the steps that have a strong political fallout. people will punish you for people cutting the entitlement programs people punish you at the polls rhetorically. one of steve's great heros congressman ryan of wisconsin took some of that risk and saw the kind of pounding that you take for saying, yes, i would make strong cuts when it comes to something like medicare. i think president obama has been reluctant to join in that junk without knowing that in fact speaker
to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the positions of debt reduction president obama has been...
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Jan 16, 2013
01/13
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KRCB
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we did raise a tax on all citizens called the sales tax, a quarter of a cent. and we raised the tax on individuals who make more than $250,000 or couples who make more than $500,000. so that's what we did. there's no doubt america is overcommitted. wee orcommitted abroad with our several hundred drid military installations. we're overcommitted in our borrowing 40 cents for every dollar. >> reporter: answer me a question about the ideology and the gridlock between republican and democrats? it seems to be parallel to what's going on in the united states' congress at the same time. >> well, in california through the initiative process, the republicans refused to give me even a two-vote in each of the houses to put my tax. not into effect but before the people or judgment had a statewide election. they wouldn't do it. so i had to go to the people directly through the california initiative. they voted by 55%, saying, yes, raise these taxes and help our schools and help our universities. so that was the way to break the log jam. >> reporter: are you saying that's the
we did raise a tax on all citizens called the sales tax, a quarter of a cent. and we raised the tax on individuals who make more than $250,000 or couples who make more than $500,000. so that's what we did. there's no doubt america is overcommitted. wee orcommitted abroad with our several hundred drid military installations. we're overcommitted in our borrowing 40 cents for every dollar. >> reporter: answer me a question about the ideology and the gridlock between republican and democrats?...
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Jan 15, 2013
01/13
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i will cut taxes, cut taxes, for 95% of all working families because in an economy like this, the last thing we should do is raise taxes. >> those tax breaks were made permanent and this new year's day fiscal cliff deal. the president also secured an extension of small business traction credits. fulfilling a prom fris the same speech. economy has posted job increases every month since late 2010. although this recovery is still very slow. president's promise to bring a responsible end to the war in iraq was the centerpiece of the 2008 campaign and the issue he used to draw clear distinctions with john mccain as president he kept that promise. he pulled the last combat troops out of iraq in december of 2011. he's also made strides towards ending the u.s. role in afghanistan and that's not over yet. indicated that troops may start coming home this spring. then will's health care. promise then senator obama made when he first announced his candidacy nearly six years ago. >> let's be the generation that says right here, right now, we will have universal health care in by the end of the next
i will cut taxes, cut taxes, for 95% of all working families because in an economy like this, the last thing we should do is raise taxes. >> those tax breaks were made permanent and this new year's day fiscal cliff deal. the president also secured an extension of small business traction credits. fulfilling a prom fris the same speech. economy has posted job increases every month since late 2010. although this recovery is still very slow. president's promise to bring a responsible end to...
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Jan 15, 2013
01/13
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FBC
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and mean, this is a tax on both sides of the aisle, and sometimes there is real racism than these to be pointed out. >> that is like crying wolf when it is not there just first the whole cause. when susan rice did not good to be secretary of state democrats said that is racism, because she is black. >> and the woman question we have up black boy named tracy was secretary of state and other republicans. >> as we did. yes we did. >> you pointed out something that he was too polite to say. he said during the campaign committee has every right to put those examples on because when that happened many people took exception to it. it was more than a dog whistle comments were anyone knew what to deny that happened is to make his case for him. lou: so if you argue as to menu just proved the case for him, and therefore all the damfool would argue about an objective standard of truth to what the value or racists confirms. that's pretty complicated and we that's pretty complicated and we thank you for sharin this is $100,000. that's pretty complicated and we thank you for sharin we asked total s
and mean, this is a tax on both sides of the aisle, and sometimes there is real racism than these to be pointed out. >> that is like crying wolf when it is not there just first the whole cause. when susan rice did not good to be secretary of state democrats said that is racism, because she is black. >> and the woman question we have up black boy named tracy was secretary of state and other republicans. >> as we did. yes we did. >> you pointed out something that he was...
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Jan 21, 2013
01/13
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we could have had a speech today for 40 minutes on retrenchment, what programs we can cut or what taxes we can cut. that's not his line of country, and i don't think he benefits from that. as the congressman said, from a continuous conversation about how we can cut the government. what kind of a presidency would that be for the next four years. he has to get back to talking about the areas where we can get something done like immigration, tax reform. even the immigration parts that brings in all sorts of people. but he also has at deep seated opposition to war which i think is refreshing from the previous administration. >> chris -- >> i think that's the vice president just shaking hands with al roker of the "today" show. >> he's done it. >> i didn't see al. >> tamron? >> i love it. maybe he could have got us a really good get there. >> we're not very far from -- we're just past the white house, and they were still out of the vehicle, and i have to tell you, rachel, at one point we witnessed the first lady with a literal bounce in her step. they are soaking this in and really enjoying t
we could have had a speech today for 40 minutes on retrenchment, what programs we can cut or what taxes we can cut. that's not his line of country, and i don't think he benefits from that. as the congressman said, from a continuous conversation about how we can cut the government. what kind of a presidency would that be for the next four years. he has to get back to talking about the areas where we can get something done like immigration, tax reform. even the immigration parts that brings in...
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Jan 21, 2013
01/13
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we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas where taxes are going to go up. all of this we are told is going to be in the new budget which the senate has to pass in about a three-month period. so, here they come, higher taxes. martha: yeah. i mean, stuart, as you point out the argument that is being waged now about really tax rerecall follow was something that conservatives offered the first time around as a good way to sort of change the system and bring in more revenues at the same time. now it looks like democrats including nancy pelosi say, no way, there is more revenue can come from this wealthy group. one of them is high-profile golfer looking to evade all of this apparently. >> the news broke this morning. talking about phil mickelson. he is california-based and he has had it with taxes. he says he is going to take dr
we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas where taxes are going to go up. all of this we are told is going to be in the new budget which the senate has to pass in about a three-month period. so, here they come, higher taxes. martha:...